VOL. XLV
No 39
30-September-2002
OPEC
US Threats Float Crude Prices BeyondInfluence Of Fundamentals
Washingtonsdetermination to bring about regime change in Iraqhas pushed crude oil prices to a new level of $29-31/B for the main benchmarks,front month WTI and Brent. Last week also saw the OPEC Basket crude price exceedthe upper limit of the organizations $22-28/B target range for the first timesince early December 2000. Increased expectation of US and UKmilitary action against Iraqhas effectively...
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